Wan Kamaruzaman: ‘The size of the (ANZ) stake in the combined RHB-AMMB banking group fits our investment appetite.’
KUALA LUMPUR: The Retirement Fund Inc (KWAP) is keen on purchasing Australia and New Zealand Banking Group Ltd’s (ANZ) stake after the proposed merger between RHB Bank Bhd and AMMB Holdings Bhd
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However, KWAP is prepared to increase its stake in the merged entity up to 10%, something that the fund would be able to undertake without the need for Bank Negara’s approval.
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